Dec, 31, 2023 — HAPPY VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in ELIZABETHTON, TN with 1 branch location and about $37.26 million in total assets. Opened 91 years ago in 1933, HAPPY VALLEY CREDIT UNION has about 3,567 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HAPPY VALLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 210 E C St ELIZABETHTON, TN 37643-2722 |
| Phone: | (423) 542-6078 |
| Fax: | (423) 542-3691 |
| Website: | https://www.hvcu-tn.com |
| Branches: | 1 branch locations |
| Members: | 3,567 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68097 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1933 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,259,890 |
| CEO/Manager: | Tonya K Jeffers |
| Chairperson: | Sonja Culler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,445,230 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 650,256 |
| Unsecured Loans | 1,458,373 |
| Other Loans | 7,295,479 |
| TOTAL LOANS | 9,404,108 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -90,044 |
| Land And Building | 454,152 |
| Other Fixed Assets | 47,237 |
| NCUSIF Deposit | 345,713 |
| All Other Assets | 0 |
| TOTAL ASSETS | 37,259,890 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 70,261 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -77,808 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,998,507 |
| Regular shares | 19,539,651 |
| All Other Shares & Deposits | 7,738,642 |
| TOTAL SHARES & DEPOSITS | 31,276,800 |
| TOTAL LIABILITIES | 31,269,253 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,990,637 |
| TOTAL EQUITY | 5,990,637 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,259,890 |
| INCOME & EXPENSE | |
| Loan Income | 486,876 |
| Investment Income | 757,606 |
| Other Income | 311,025 |
| Total Employee Compensation & Benefits | 458,331 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 481,127 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,192 |
| Cost of Funds | 147,953 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 451,904 |
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